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As of 10:53 am, the S&P BSE Sensex was down 0.29 percent at 37,295.52 points while NSE Nifty 50 index was trading 0.37 percent lower at 11,012.90.

The market breadth was tilted in favour of sellers as 794 stocks declined and 709 stocks advanced on the National Stock Exchange. Seven of the 11 sectoral gauges were in the red, weighed down by Nifty PSU Bank index.

Here’s a look at the stocks in news moving the markets today:

CG Power Slumps as ‘Suspect’ Transactions Found

Shares of CG Power & Industrial Solutions Ltd. hit the lower circuit to Rs. 14.80 apiece after the company said it will restate earnings after becoming aware of “suspect, unauthorized and undisclosed” transactions.

The company, controlled by tycoon Gautam Thapar, said liabilities and advances to related and unrelated parties have been understated. Some assets were also purportedly provided as collateral and the money from the loans was siphoned.

“These were purportedly carried out by identified company personnel, both current and past, including certain non-executive directors,” according to the filing, which didn’t name any official. “These transactions appear to be undertaken in a seemingly fraudulent manner and, hence warrant further detailed investigation.”

The CG Power stock has fallen 76 percent in the past 52 weeks, Bloomberg data shows.

Mahanagar Gas Surges The Most In Three Years

Shares of Mahanagar Gas Ltd. rose as much as 12.10 percent, its biggest intraday gain since July 2016, to Rs 882.10 apiece after shareholder Royal Dutch Shell Plc revealed a stake sale plan.

Royal Dutch Shell Plc’s unit, BG Asia Pacific, is planning to exit Mahanagar Gas by selling its remaining stake in the company for Rs 724 crore, according to terms of the deal obtained by Bloomberg.

BG Asia Pacific is offering 98.8 lakh shares at a floor price of Rs 733.10, a 6.9 percent discount on Mahanagar Gas’ closing price on Monday. The stock’s trading volume was 150 times its 20-day average for this time of the day, Bloomberg data showed.

Vodafone Idea Shares Fall After CEO Resignation

Vodafone Idea CEO Balesh Sharma's resignation comes into effect immediately, the telecom firm said in an exchange filing on Monday. He will be replaced by Vodafone Group Plc’s India representative, Ravinder Takkar, for a period of three years starting Aug. 19.

Vodafone Idea has declined 81 percent since the merged entity listed on the bourses, compared with a 4.3 percent fall in the Nifty 50 Index in the same period.

MRPL Falls As Landslides Affect Refinery’s Operations

MRPL said its refinery has been affected by a minor landslide in the Dakshina Kannada district of Karnataka, as a result of which it will shut down Phase-III process units as a precautionary measure. Phase-I, Phase-II and product dispatch facilities will operate normally, the company said in an exchange filing on Monday.

The MRPL stock has declined 37 percent in the last year and trades at 11 times its estimated earnings per share for the year ahead, Bloomberg data shows.

Himachal Futuristic Rises After BSNL Order

Himachal Futuristic has received orders worth Rs 2,467 crores from BSNL for defence communication network, the telecom equipment maker said in an exchange filing on Monday. The order needs to be completed in the next 18 months.

Himachal Futuristic's stock has declined 26 percent in the last year. Its trading volume was 32 percent below the 20-day average for this time of the day, according to Bloomberg data.

DHFL Falls After Fresh Defaults

DHFL has defaulted on financial repayment obligations worth Rs 1,571 crore with regard to issuance of bonds and commercial papers. The DHFL defaults pertain to three cases with regard to interest payment on non-convertible debentures and commercial papers, the firm said in a regulatory filing.

The DHFL stock has fallen 93 percent in the last one year, Bloomberg data shows.